Industry Group Calls for Streamlining of Acquisition Regulations to Speed Up Process

The Aerospace Industries Association (AIA) has written to the Office of Management and Budget urging the Trump administration to make more aggressive changes to the Federal Acquisition Regulations (FAR) to speed up acquisitions. The organization argues that the FAR has not been updated since 1984 and can be streamlined to achieve President Trump’s vision of faster acquisitions. AIA recommends streamlining requirements for cost and pricing data and allowable costs to simplify the acquisition process. The Trump administration’s FAR overhaul, triggered by an April executive order, comes as the Pentagon and congressional defense committees move forward with their own acquisition reform efforts.